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The administraiton is still trying to get a compensation provision into the bill.
The hostage compensation provision covers all Americans taken captive since 1979.
"In the David Lerner case," he said, "there were no systems or procedures in place to ensure compliance with the compensation provision".
Christopher P. Geehern, an executive vice president of Associated Industries of Massachusetts, said his group would support legislation but only if the compensation provision was removed.
As the third anniversary of the financial overhaul legislation known as Dodd-Frank approaches this month, the fate of the executive compensation provision exemplifies the problems dogging one of President Obama's signature accomplishments.
Even before the £100m compensation provision, Lloyds had lost £250m on loans caught up in the fraud which took place period between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling companies to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts.
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Director Compensation Provisions.
State taxes, employment tax, and workers compensation provisions vary from state to state.
The announcement brings the bank's total compensation provisions to more than £5 billion, and pushed Lloyds into a net loss for the third quarter.
The miserable compensation provisions of the agreement - $30m in the first year, with nothing further guaranteed - would also be preserved if the Abuja agreement is a starting point for renewed negotiations.
Voting dissent appears to be higher at firms with excess CEO pay (i.e. high pay and poor performance) and firms with compensation provisions viewed as reducing pay-for-performance.
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CEO of Professional Science Editing for Scientists @ prosciediting.com